(Reuters) – Russia said Tuesday that foreign-oriented businesses can send foreign currency to overseas accounts under certain conditions. The move is intended to ease the surging rouble and help importers pay.

On Tuesday, the finance ministry will allow export-oriented businesses to send foreign currency from non-residents into their overseas accounts. However, this must be returned to Russia or sold on the Russian market in accordance with earlier state decrees.

The Russian government has relaxed capital restrictions that were in place shortly after its February deployment to Ukraine. This was done to safeguard the country’s financial sector and boost its currency.

After falling to new lows in March, the rouble gained strength to about 60 US dollars.

Russia has begun to loosen capital controls as the strong ruble had impacted government revenues. To revive lending and soften the ruble, the central bank has reduced its key interest rates by an average of 900 points to 11% from February.

Russia relaxed a rule that required export-oriented businesses to make home sales of up to 80% of foreign revenues last month. It also set a limit at 50% to stop the rise of the ruble.

VTB Capital analysts stated Tuesday’s decision will help Russian exporters improve their foreign transactions. The risks associated with conducting forex operations through domestic banks has increased due to the fact that more Russian banks are disconnected from SWIFT, an international payment network.